MIRA INFORM
REPORT
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Report Date : |
18.11.2011 |
IDENTIFICATION DETAILS
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Name : |
GOMEI SHOJI KAISHA LTD |
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Registered Office : |
Gomei Bldg, 1-11-6 Hatchobori Chuoku Tokyo
104-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
May 1952 |
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Com. Reg. No.: |
(Tokyo-Chuoku) 043453 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale
of cereals |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 410.0 Million |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
GOMEI SHOJI KAISHA LTD
REGD NAME
Gomei Shoji KK
MAIN OFFICE
Gomei Bldg, 1-11-6
Hatchobori Chuoku Tokyo 104-0032 JAPAN
Tel:
03-3553-5015 Fax: 03-3553-5524
*.. Osaka Branch at: Osaka JA Bldg 12F, 1-2-5 Nishitenma Kitaku Osaka
URL: http://www.gomei-shoji.co.jp/
E-Mail address: (thru the URL)
ACTIVITIES
Import, wholesale of cereals
BRANCHES
Osaka,
Ushiku (Ibaraki)
OFFICER(S)
Eiya
Hayashi, ch HIDENOBU
HAYASHI, PRES
Hiroshi
Katsuura, s/mgn dir Sozo
Matsukawa, s/mgn dir
Toshihiro
Matsumoto, dir Keishiro Takada,
dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 19,826 M
PAYMENTS REGULAR CAPITAL Yen
200 M
TREND SLOW WORTH Yen
2,491 M
STARTED 1952 EMPLOYES 45
COMMENT
IMPORTER
AND WHOLESALER SPECIALIZING IN CEREALS.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 410.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Eiya Hayashi (now ch at the firm) in order to make most of his experience in the subject line of business. Yoshinobu is the founder’s son. This is a trading firm specializing in import and wholesale of cereals: soybeans, red beans, peanuts, almonds, other. Also handles feeds additives, feed crop, etc. Goods are imported mainly from USA, Canada, and China, mostly thru general trading houses. Clients include miso/soy sauce mfrs, feed traders, other.
FINANCIAL INFORMATION
The sales volume for Dec/2010 fiscal term amounted to Yen 19,826 million, a 6% down from Yen 21,112 million in the previous term. Market revived, but the high Yen hurt earnings & profits in Yen terms. The recurring profit was posted at Yen 143 million and the net profit at Yen 113 million, respectively, compared with Yen 271 million recurring profit and Yen 121 million net profit, respectively, a year ago.
For the current term ending Dec 2011 the recurring profit is projected at Yen 145 million and the net profit at Yen 115 million, on a 3% rise in turnover, to Yen 20,400 million. Business is seen steadily expanding.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 410.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 1952
Regd No.: (Tokyo-Chuoku) 043453
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 1.6
million shares
Issued: 400m000
shares
Sum: Yen 200 million
Major shareholders (%): Eiya Hayashi (20), Hiroshi
Katsuura (10), Saburo Yoshida (9), Hideo Taniguchi (7(
No. of shareholders: 56
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales cereals, peanuts, red beans, fertilizer, feeds additives, other (--100%)
(Handling Items):
Soybeans Team: soybeans (imported and domestic), soybeans powder, miso, cooking oils, frozen foods, other;
Foods Team: peanuts, buttered peanuts, banana chips, almond, cashew nuts, pistachio, walnuts, other;
Processed Foods Team: Materials for miso & soy sauce, oil & fats, sugar, soy sauce, pet foods, fertilizer, other;
Feed Team: defatted soybeans (as feeds), mixed feeds, hay feeds, other;
Feed Team (2): red beans, adzuki beans, kidney beans, horse beans, other.
Clients: [Food processors, cereal traders] Kyodo Shiryo, Marukome Co (miso/soy sauce maker), Marusan-Ai Co, Zen Trading, Takano Foods, Kikkoman Co, DENROKU Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Yoshidago Co (20%), Nisshin Oileo Group (20%), Mitsui & Co, Sumitomo Corp, Toyota Tsusho Corp, Itochu Corp, Unicoop Japan, Zen-Noh, Toho Bussan Co, other.
Payment record:
Regular
Location:
Business area in Tokyo.
Office premises at the caption address are owned and maintained
satisfactorily.
Bank References:
· SMBC (Shimbashi)
· MUFG (Kyobashi-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
31/12/2008 |
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Annual
Sales |
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20,400 |
19,826 |
21,112 |
23,005 |
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Recur.
Profit |
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145 |
143 |
271 |
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Net
Profit |
|
115 |
113 |
121 |
81 |
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Total
Assets |
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9,961 |
9,506 |
10,013 |
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Current
Assets |
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8,276 |
7,821 |
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Current
Liabs |
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7,471 |
7,099 |
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Net
Worth |
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2,491 |
2,408 |
2,317 |
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Capital,
Paid-Up |
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200 |
200 |
200 |
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Div.P.Share(¥) |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.90 |
-6.09 |
-8.23 |
11.23 |
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Current Ratio |
|
.. |
110.77 |
110.17 |
.. |
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N.Worth Ratio |
.. |
25.01 |
25.33 |
23.14 |
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R.Profit/Sales |
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0.71 |
0.72 |
1.28 |
.. |
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N.Profit/Sales |
0.56 |
0.57 |
0.57 |
0.35 |
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Return On Equity |
.. |
4.54 |
5.02 |
3.50 |
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Notes:
Forecast (or estimated) figures for the 31/12/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.72 |
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UK Pound |
1 |
Rs.79.88 |
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Euro |
1 |
Rs.68.64 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.